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8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77
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8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77
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Last modified
3/21/2013 4:22:24 PM
Creation date
10/1/2012 2:09:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/13/1993
Ord-Res Number
8443-93
Bill Number
108-93
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Section 301(b) of the Prior Indenture, the Issuer will issue its Economic Development <br />Revenue Refunding Bonds (First Bank Center Project), in an aggregate Principal amount not <br />to exceed $8,030,384.77 (hereinafter referred to as the "Bonds"); and <br />WHEREAS, the Bonds and the Trustee's certificate of authentication to be endorsed <br />thereon are to be in substantially the following forms with necessary and appropriate <br />variations, omissions and insertions as permitted or required by this Indenture, to wit: <br />(Form of Fully Registered Bond) <br />UNITED STATES OF AMERICA <br />STATE OF INDIANA <br />COUNTY OF ST. JOSEPH <br />CITY OF SOUTH BEND, INDIANA <br />ECONOMIC DEVELOPMENT REVENUE REFUNDING BOND <br />(FIRST BANK CENTER PROJECT) <br />No. R- <br />KNOW ALL MEN BY THESE PRESENTS that the City of South Bend, Indiana, a <br />municipal corporation and political subdivision of the State of Indiana (hereinafter called the <br />"Issuer"), for value received promises to pay from the source and as hereinafter provided, <br />to <br />or registered assigns as hereinafter provided, the principal sum of <br />Dollars ($ <br />on the following dates and in the following manner: <br />the principal balance of this Bond, together with interest from the date hereof <br />(the "Purchase Date ") at the rate of five and fifty -two one hundredths percent (5.52 %) <br />per annum on such principal amount from time to time remaining unpaid, shall be <br />payable in installments as follows: <br />(i) one installment of interest only (computed on the actual number of <br />days elapsed and on the basis of a 365 -day year), payable on the first day of the <br />month following the Purchase Date; <br />(ii) two hundred nineteen (219) equal installments, each in the amount <br />of $ and each including both principal and interest (computed on <br />the basis of a 360 -day year of twelve 30 -day months), payable on the first day <br />of the second month following the Purchase Date and on the first day of each <br />month until 219 such payments shall have been made; and <br />-2- <br />
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